Phoenix Arizona – Booming Economy?

The population of Phoenix, Arizona residents has been on a steady rise over the past 10 years. Phoenix is now home to over 1.5 million people and none of the experts expect to see that number decrease anytime soon. In fact, there are some predictions that Phoenix will grow to over 2 million residents within the next 10 years! Why is the city of Phoenix growing so rapidly? Lets take a look at some of the factors contributing to it’s growth.

Cost of Living

The cost of living in Phoenix is relatively low for a city located on the western part of the United States. Our big neighbor to the left, California, is one of the most expensive states to reside in. It has one of the highest income taxes in the whole country and the median home prices are also some of the highest in the U.S. Many people get fed up with the high living expenses coupled with the horrible traffic in California and find themselves migrating to Arizona. One thing people worry about is the heat of the Arizona desert but in reality it’s only 4-5 months out of the year that that weather is too extreme to do much outside. For the other 7-8 months out of the year, we get some of the nicest weather in the entire world. We may not have a beach to go to but we certainly have a bunch of awesome lakes and water parks. If you’re worried about missing the beach too much you can take comfort in knowing that it’s only a short 5-6 hour drive away.

Modernized Living

Phoenix has one of he best traffic flows in the entire country and is rated the eighth best state for the shortest amount of time spent in traffic while commuting. On top of the awesome traffic flow, Phoenix also has some of the most modern forms of transportation since it implemented the light rail starting in 2006. The light rail runs from the east valley to the west valley making it extremely to get around the entire valley at an extremely affordable price. The light rail runs on electricity so it’s very energy efficient and is a very popular choice among Phoenix residents for transportation. College students that can’t afford to pay for parking are also loving it as it gives them a cheap alternative to parking their vehicles on campus.

Sports & Entertainment

Phoenix is home to a professional baseball, football, & hockey team (actually the football and hockey teams are located in Glendale, Arizona but it’s close enough!). On top of having awesome stadiums to enjoy sporting events at, Phoenix is also home to some of the best restaurants and night clubs in the entire world, but it doesn’t stop there. This city has an aquarium, zoo, convention center, and tons of other awesome stuff. With all these activities and events going on, there’s truly no shortage of things to do in Phoenix. Because of all the things we’ve mentioned in this article, Phoenix is a great place to live at an extremely affordable price. If you’re sick of where you live, consider Phoenix as a great alternative. If you’d like any additional information on living in Phoenix, please contact the Phoenix Homes & Lifestyle crew here.